The Impact Of Digital Inclusive Finance On The Export Trade Of Small And Micro Enterprises

In recent years,with the promotion of Internet technology in new forms of business such as cross-border e-commerce,small and micro enterprises have become a new force in my country’s foreign trade.With the development of digital financial technology,digital financial inclusion has not only improved the efficiency of financing to form economies of scale,Also improve the industrial structure,form a comparative advantage,and finally form a transmission mechanism for foreign trade,and the integration of digital finance and foreign trade is becoming closer.Based on reading domestic and foreign literature,collating and analyzing related research results,this article uses data such as the Peking University Digital Financial Inclusive Index,the China Small and Micro Enterprise Survey(CMES)of the China Household Finance Survey and Research Center of Southwestern University of Finance and Economics,China Statistical Yearbook,etc.,Empirical research on the impact of digital financial inclusion on the export trade of small and micro enterprises.Supplement the research content of the field in which digital financial inclusion plays a role in economic entities,and also supplement the content of the direct influence factors of the import and export trade of small and micro enterprises.As small and micro enterprises become more and more important economic entities and account for Influence and vitality,this research has practical significance in providing a new perspective on how to develop national economic growth and international coordinated development.In the empirical research,the Probit model is used for regression,and the province,enterprise and owner-level control variables are gradually added,and the corresponding marginal effect,the size and path of the impact are gradually analyzed.Since different small and micro enterprises belong to different regions,industries,and individual business owners,they are analyzed for heterogeneity.This research finds suitable instrumental variables to solve possible endogenous problems.Including the adoption of a lagging digital financial index,replacing the digital financial inclusion index with the proportion of provincial network coverage and the distance from the geographic location to Hangzhou.In order to ensure rigor,this article conducts robustness tests from variable substitution,model method substitution,investigation of endogenous issues,removing special samples that may affect the conclusion,adding some other important control variables,and changing samples to reexamine the conclusions obtained.Including the use of Logit,OLS method inspection,etc.For the analysis of the mediation effect,because the explanatory variable does not have exports,it is classified into two categories,the mediation variable enterprise innovation is continuous,and the independent variable digital financial inclusion index is continuous,so the stepwise regression method is used to analyze the mediation effect,and use gsem performs a robustness test.For the analysis of the intermediary effect in which the degree of satisfaction of the intermediary variable enterprise credit is two-class,Logit is used to stepwise regression,and the method of directly calculating the confidence interval is used to test the robustness.Finally,the empirical research shows the conclusion:First,the development of digital inclusive money can significantly improve and increase the export level of small and micro enterprises,that is,the better the development of digital financial inclusion,the higher the export level of small and micro enterprises.Second,the innovation vitality of enterprises and the alleviation of financing constraints have an obvious intermediary effect in the export of digital financial inclusion to small and micro enterprises.That is,the development of digital financial inclusion has promoted small and micro enterprises by alleviating financing constraints and enhancing innovation vitality.Export promotes the development of regional economy.Third,the long-tail effect and inclusiveness of digital inclusive amounts are prominent.For the central and western regions,low output areas,and business owners who are in a weak Chinese network,they have a better role in promoting the export trade of small and micro enterprises.